Skip navigation


Current DateTime: 07:36:14 20 Nov 2009
LinksList Documentid: 24355697
  • Runway Angels

      The superbowl of fashion shows, models walk down the runway at the 2009 Victoria's Secret Fashion Show.

  • The Richest Members of the US Congress

      Recently, the Center for Responsive Politics found that there are 237 millionaires in the US Congress.

  • 10 Tips to Get Out of Debt

      Renowned financial author Gail Vaz-Oxlade takes a tough-love approach to helping couples in a financial crisis to face reality.

FEATURED QUIZZES


Current DateTime: 07:36:14 20 Nov 2009
LinksList Documentid: 33793611
  • How Much Do You Know About Green?

      Green has become part of our everyday lives. Green is everywhere-- energy, clothing, food, housing, transportation. It's a big business and a global business.

  • The Billionaire BFF's

      Philanthropists. Bridge partners. Hockey players. Which responses are based on facts from Buffett's and Gates' real lives?

  • The Many Myths of Coca-Cola

      Can you tell which statements are true, and which ones are just rumors?


Current DateTime: 07:36:14 20 Nov 2009
LinksList Documentid: 24890560
  • Winterizing Your Portfolio

      If 2009 was the winter of our discontent, will 2010 be a winter wonderland for investors? A lot depends on the recovery—or lack thereof.

  • Investor's Guide to Real Estate

      Some even say the long-awaited recovery is here. Regardless, buyers and sellers alike can profit from our guide.

  • Alternative Investing

      Stocks and bonds? Sure. But it's a big world out there for investors.

powered by digg
US Health Care Reforms Face Tough Path in Senate
Published: Sunday, 8 Nov 2009 | 10:06 PM ET
Text Size
By: Reuters

After a landmark win in the U.S. House of Representatives, President Barack Obama's push for healthcare reform faces a difficult path in the Senate amid divisions in his own Democratic Party on how to proceed.

Doctor Writing

On a 220-215 vote, including the support of one Republican and opposition from 39 Democrats, the House backed a bill late on Saturday that would expand coverage to nearly all Americans and bar insurance practices such as refusing to cover people with pre-existing medical conditions.

The battle now shifts to the Senate, where work on Obama's top domestic priority has been stalled for weeks as Democratic leader Harry Reid searches for an approach that can win the 60 votes he needs to overcome Republican procedural hurdles.

"Take this baton and bring this effort to the finish line," Obama urged senators on Sunday in an appearance at the White House, saying passage of healthcare reform would represent "their finest moment in public service."

Democrats have no margin for error -- they control exactly 60 seats in the 100-member Senate. Some moderate Democrats have rebelled at Reid's plan to include a new government-run insurance program, known as the "public option," in the bill.

Senator Joe Lieberman, an independent who caucuses with Democrats, renewed his promise on Sunday to help Republicans block a final vote if the bill contains the government-run insurance option backed by Senate liberals.

"If the public option plan is in there, as a matter of conscience, I will not allow this bill to come to a final vote," Lieberman said on "Fox News Sunday."

Republicans and some moderate Democrats have balked at the House bill's $1 trillion price tag, new taxes on the wealthy and what they call a heavy-handed government intrusion in the private sector.

The overhaul would lead to the biggest changes in the $2.5 trillion healthcare system -- which accounts for one-sixth of the U.S. economy -- since the 1965 creation of the Medicare government health insurance program for the elderly.

Different Approaches

The House bill includes a different version of the public option than the Senate. Senate Democrats also may not adopt the House bill's requirement that all but the smallest employers offer coverage to their workers and its new tax on the wealthiest Americans to pay for the reforms.

Eventually, the House and Senate would have to reconcile their differences and agree on one bill to be passed again and sent to Obama for his signature.     

"The House bill is dead on arrival in the Senate," Republican Senator Lindsey Graham said on CBS's "Face the Nation," calling it "a bill written by liberals for liberals."

The House bill would set up exchanges where people could choose to purchase private insurance or a government-run option bitterly opposed by the insurance industry. It also would offer subsidies to help low-income Americans buy insurance.

Congressional budget analysts say it would extend coverage to 36 million uninsured people living in the United States, covering about 96 percent of the population, and would reduce the budget deficit by about $100 billion over 10 years.

The House vote was a vital victory for Obama, who staked much of his political capital on the healthcare battle. A loss in the House could have ended the fight, impaired the rest of his legislative agenda and left Democrats vulnerable to big losses in next year's congressional elections.

Former Alaska Governor Sarah Palin, the Republican vice presidential candidate in 2008 and a leader of conservative grass-roots opposition to Obama's agenda, promised retribution in those elections against healthcare reform advocates.

"It's on to the Senate now. Our legislators can listen now, or they can hear us in 2010. It's their choice," Palin said on her Facebook page, promising: "We will make our voices heard."

Reid has been awaiting cost estimates from the nonpartisan Congressional Budget Office before unveiling a Senate bill, and has indicated Obama's goal of signing a bill by Christmas could slip to 2010.

Reid said he hoped to receive those cost estimates in the coming days, and that he planned to bring a final bill to the Senate floor for consideration "as soon as possible.

Copyright 2009 Reuters. Click for restrictions.
Add This share icon
Text Size
  • digg share

CNBC HIGHLIGHTS

  • Technology can make or break a fortune in the world of alternative energy.
  • Many people are facing the holidays with substantially smaller incomes. Here’s how some are adapting.
  • Jim Cramer
  • Jim Cramer is a proponent of stocks that pay healthy dividends, and here are his top five dividend plays.
  • From salt, to lip balm to envelopes, it turns out that bacon flavoring can sell almost anything.
  • real estate signs
  • The homebuyer's tax credit jacked sales for a while, but 2010 is looking weak. Now what?
  • CNBC’s technology reporter Jim Goldman guides you through the best gadgets to buy this holiday season.
ADD COMMENTS
Remaining characters


Current DateTime: 02:08:00 20 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 08:57:19 20 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 04:40:46 20 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 12:54:14 20 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters